| Latest Forum Topics / Golden Energy |
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First digital payments Fintech group on SGX
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Biffeen123
Member |
20-Jan-2017 14:24
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A piece of good news coming... Later end of the trading the news might be published out
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eric998
Supreme |
20-Jan-2017 10:49
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NAV: S$0.77 
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eric998
Supreme |
20-Jan-2017 10:42
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can see positioning and hands collecting for full year results coming out soon.. DYODD..
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eric998
Supreme |
20-Jan-2017 10:26
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Back in January 2016, when coal prices under NEWC index reached an all-time low of US$48.80/MT, many analysts were quick to herald the end of an era. The fall in price was attributed to three main factors: the successful development of the shale-gas industry in the US, ample (over) production in China, and stringent environmental policies aimed at curbing carbon emissions. The consequences for US coal producers were dire, with as many as 26 companies going out of business. Peabody (OTCPK:BTUUQ) and Arch (NYSE: ARCH), the two largest US coal producers, accounting for 22.6% of total US output, filed for Chapter 11 protection, sending shockwaves around the world. However, the recovery in the price of coal was as dramatic as was the fall. According to the latest figures, coal is up 74% from its trough, largely thanks to the Chinese ' National Development and Reform Commission' having committed to reducing annual coal production by 250 million tonnes. Figures showed that the Chinese coal industry has already cut production by 95 million tonnes, or 39% of its target as of the end of July 2016. With state-owned-enterprises being encouraged to meet their targets by November this year, a market price of coal sustained at-or-near current levels is expected. But that' s just one side of the story. On the demand side, coal' s resurgence has been driven by a whole host of developments: France, which relies on nuclear power generation for almost 75% of its total needs, has been undertaking routine testing on 12 of its reactors resulting in output hitting a near three decade low. And for Germany, it has been replacing its nuclear reactors not just with renewables but also with coal fired plants.  Extracted from GEAR 3rd quarter 2016 financial report.
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TechnicalTrader
Master |
19-Jan-2017 17:13
Yells: "Traders perform TA using TI. Success rely on Technique used" |
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not bad not bad, still closing flat despite no so positive news. It could be that China closing coal operating plants and closing coal mines, indonesia coal become hot cake..? |
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eric998
Supreme |
19-Jan-2017 13:45
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Coal will not be replaced immediately, the main aims of china' s action are to  curb industrial overcapacity and pollution. If coal price increase due to tighening of supply, it will benefit GEAR' s bottomline and profits.  Anyway, big hands coming..  
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TechnicalTrader
Master |
18-Jan-2017 22:01
Yells: "Traders perform TA using TI. Success rely on Technique used" |
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if you read the articles, it refers to china has plan not to use coal as energy source.  likely change to using gas and renewable sources of energy.. So it is indeed bad news.
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eric998
Supreme |
18-Jan-2017 21:57
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That could also mean a relief to the supply glut and leads to increase in coal price.
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risktaker
Supreme |
18-Jan-2017 19:41
Yells: "Posts are opinions. Do not take it as investment advise " |
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confirm can short big big |
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Biffeen123
Member |
18-Jan-2017 19:06
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Nope I using CFD so have time to cover back next time since I on profit so no hurry. Shorted 300K today
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eric998
Supreme |
18-Jan-2017 16:45
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you covering now?
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newbieliu
Elite |
18-Jan-2017 16:17
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The short volume is very Low. All the intra day short sell hv been absorbed and bought back within the day
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eric998
Supreme |
18-Jan-2017 16:13
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From SGX website Short sell orders executed on 17 January 2017: 
Short sell orders executed on 16 January 2017
Short sell orders executed on 13 January 2017
Short sell orders executed on 12 January 2017
Short sell orders executed on 11 January 2017
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Biffeen123
Member |
18-Jan-2017 13:57
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Yup that's the point so must short more now. Shorting soon
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alexchew
Master |
18-Jan-2017 13:19
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http://www.reuters.com/article/us-china-coal-idUSKBN151090 China stopped construction of 100 coal plants |
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TechnicalTrader
Master |
18-Jan-2017 12:12
Yells: "Traders perform TA using TI. Success rely on Technique used" |
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you shorted last week much give you thumb up as you are in profit.. But I read your postings, you shouted for short at almost any level. It is ok... maybe you are right. I don' t know....  But based on today, evidence, he is right that there were collection in the morning..
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eric998
Supreme |
18-Jan-2017 12:10
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Congratulations for making money from shorting. You covered back on the same day? This market is for both shortists and longists.There are buyers willing to collect from your selling. Its just a matter of positioning. Not recommending contra for this stock if you are collecting. 
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Biffeen123
Member |
18-Jan-2017 11:20
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Ahahah if u look at market Dept the seller Q is more and I just shorted some at 0.505. goodluck those who bought last week. Make sure your money fly into my pocket already.
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TechnicalTrader
Master |
18-Jan-2017 11:13
Yells: "Traders perform TA using TI. Success rely on Technique used" |
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1. today volume is already higher than yesterday 2. buy-from-sellers volume is 10 times of sold-to-buyers volume 3. TIs suggest that there is still room to move up to at least 52/52.5 So your observation may not be a dream
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Biffeen123
Member |
18-Jan-2017 11:11
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Like you idiots go collect.u think u can win me? Shorted since last week 0.53 high point. | |||||||||||||||||||
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